Florida Statute 679.1081 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XXXIX
COMMERCIAL RELATIONS

Chapter 679
UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS

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F.S. 679.1081

679.1081 Sufficiency of description.—

(1) Except as otherwise provided herein and in subsections (3), (4), and (5), a description of personal or real property is sufficient, whether or not it is specific, if it reasonably identifies what is described. A description of real estate in a record filed to perfect a security interest in crops growing or to be grown or goods which are or are to become fixtures shall be sufficient only if the filing or recording of the same constitutes constructive notice under the laws of this state, other than this chapter, which are applicable to the filing or recording of a record of a mortgage, and a mailing or street address alone shall not be sufficient.

(2) Except as otherwise provided in subsection (4), a description of collateral reasonably identifies the collateral if it identifies the collateral by:

(a) Specific listing;

(b) Category;

(d) Quantity;

(e) Computational or allocational formula or procedure; or

(f) Except as otherwise provided in subsection (3), any other method, if the identity of the collateral is objectively determinable.

(3) A description of collateral as “all the debtor’s assets” or “all the debtor’s personal property” or using words of similar import does not reasonably identify the collateral for purposes of the security agreement.

(4) Except as otherwise provided in subsection (5), a description of a security entitlement, securities account, or commodity account is sufficient if it describes:

(a) The collateral by those terms or as investment property; or

(b) The underlying financial asset or commodity contract.

(5) A description only by type of collateral defined in this chapter is an insufficient description of:

(a) A commercial tort claim;

(b) In a consumer transaction, consumer goods, a security entitlement, a securities account, or a commodity account;

(c) An account consisting of a right to payment of a monetary obligation for the sale of real property that is the debtor’s homestead under the laws of this state; or

(d) Accounts and other entitlements set forth in ss. 222.13-222.16, 222.18, and 222.201-222.22.

History.—s. 1, ch. 2001-198; s. 2, ch. 2002-242; s. 1, ch. 2023-266.

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Amendments to 679.1081

Annotations, Discussions, Cases:

Cases Citing Statute 679.1081

Total Results: 8

Southtrust Bank v. Orix Financial Services, Inc. (In Re Management by Innovation, Inc.)

321 B.R. 742, 56 U.C.C. Rep. Serv. 2d (West) 437, 2005 Bankr. LEXIS 29, 2005 WL 419415

United States Bankruptcy Court, M.D. Florida | Filed: Jan 12, 2005 | Docket: 1384717

Cited 3 times | Published

collateral in violation of Florida Statute Section 679.1081. The sole issue presented in the parties'

Lankhorst v. Independent Savings Plan Co.

39 F. Supp. 3d 1359, 2014 U.S. Dist. LEXIS 118382, 2014 WL 4101199

District Court, M.D. Florida | Filed: Jan 14, 2014 | Docket: 64296700

Cited 1 times | Published

“reasonably identify] what is described.” Fla. Stat. § 679.1081(1). As noted, the ISPC Agreement conveys a security

Charlotte Development Partners, LLC v. Tricom Pictures & Productions, Inc.

33 So. 3d 690, 71 U.C.C. Rep. Serv. 2d (West) 182, 2009 Fla. App. LEXIS 18426, 2009 WL 4282939

District Court of Appeal of Florida | Filed: Dec 2, 2009 | Docket: 1648901

Cited 1 times | Published

collateral." § 679.2031(2)(c)1., Fla. Stat. (2008). Section 679.1081, Florida Statutes (2008), controls the sufficiency

Sunz Insurance Company v. U.S. Treasury Department, Internal Revenue Service

Court of Appeals for the Eleventh Circuit | Filed: Jan 8, 2025 | Docket: 67709060

Published

Argued: Aug 18, 2023

scribes the commercial tort claim. See id. § 679.1081(5)(a). Com- mercial tort claims include

Bender v. James (In re Hintze)

525 B.R. 780

United States Bankruptcy Court, N.D. Florida | Filed: Feb 11, 2015 | Docket: 65787231

Published

describes the collateral.24 Florida Statutes § 679.1081 governs sufficiency of descriptions of collateral

LDB Media, LLC v. Gravitas Leasing, LLC (In re LDB Media, LLC)

497 B.R. 332

United States Bankruptcy Court, M.D. Florida | Filed: Sep 12, 2013 | Docket: 65785442

Published

that describes the collateral.14 According to section 679.1081, Florida Statutes, a description of personal

In Re Maison Grande Condominium Ass'n, Inc.

425 B.R. 684, 72 U.C.C. Rep. Serv. 2d (West) 575, 22 Fla. L. Weekly Fed. B 257, 63 Collier Bankr. Cas. 2d 872, 2010 Bankr. LEXIS 185, 52 Bankr. Ct. Dec. (CRR) 197

United States Bankruptcy Court, S.D. Florida. | Filed: Jan 13, 2010 | Docket: 2557905

Published

of the UCC currently in effect. See Fla. Stat. § 679.1081(3) ("A description of collateral as `all the

Dickason v. Marine National Bank of Naples, N.A.

898 So. 2d 1170, 57 U.C.C. Rep. Serv. 2d (West) 127, 2005 Fla. App. LEXIS 4623, 2005 WL 762905

District Court of Appeal of Florida | Filed: Apr 6, 2005 | Docket: 64837464

Published

collateral for purposes of the security agreement.” § 679.1081(3), Fla. Stat. (2003). However, this provision